China-US freight rates plunge, but China manufacturing woes create new headaches for shippers

News - Shipping and Freight Resource

Shippers might finally be catching a break, as China-US spot freight rates plunge in the first week of October.

With Chinese manufacturers throttling production due to the power crisis and the off-season coming into view, competition for freight capacity in terms of containers and vessel space has fallen off, moving prices down by up to 51.4% on some routes.

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